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Wednesday, July 1, 2009

Some Strength in American Railcar

I wrote a piece about American Railcar a week or two ago (click here to read that). Since then, the stock has responded well. It has busted right through its 20 and 50 day moving averages on strong volume (good sign). I didn't pick up any shares. I was looking to buy in the low 7's, and could have, but wanted to see it settle a bit. It didn't do that, but rather reversed course quite quickly. The previous post has all the details, but a company with lots of cash. Carl Icahn likely has some plans with his large stake as well.

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About My Blog

Welcome to "In the Know." Here I discuss trends in the market, and how I think investors can profit from them. I'll discuss specific stocks, sectors, and economic/political trends.

I'm a student of the markets and am constantly looking for new ways to gain an edge, but for the most part, I'm a value guy. I think you have to be flexible to be a successful investor, but discipline is by far the most important factor.

Disclaimer: The views expressed on this site are purely opinions of the author and should not be taken as investment advice. The author is not a registered financial advisor, and provides only his own commentary. The author disclaims all liability in any investment purchases made based on information gathered at this site, or through any link provided by this site. Readers should be aware that investments are subject to loss in value, and the author recommends consulting an investment professional before taking any action.